1641 16th Ave, Columbus, GA 31901

A New Year rings in with a New Price for this rare 6-unit multifamily property in historic midtown. This property offers INCREDIBLE POTENTIAL for a savvy & gutsy investor ready to roll up their sleeves & put in the work to bring this unpolished gem up to its full earning power. Or maybe you want to renovate its Return to Glory as a single family home. The main brick house holds 5 units, and a detached cottage — for a total of 6 rental units. Currently, Units 1, 3, 5, & the cottage are vacant & available for viewing. The property features onsite & street parking and sits just two blocks from Lakebottom Park, in one of Columbus's most sought-after locations — convenient to everything in Midtown, Uptown, CSU, dining, shopping, and entertainment. While producing income, this property is primed for updating & repositioning. Current rents: Unit 2 at $850 & Unit 4 at $500. Historically, the cottage rented for $800, Unit 1 for $850, Unit 3 for $925, & Unit 5 for $700, bringing in $4,700/month when fully occupied. Strategic upgrades offer excellent potential to increase rents and cash flow. Part of an Estate Sale that has cleared Probate, this property DOES NOT HAVE Rent Rolls or T12 reports. The previous owner accepted cash payments & managed the property personally well into her 90s. This is perfect for an investor who wants to create real value — renovate interiors, update systems, enhance curb appeal, and watch this asset transform into a top-of-market performer. Two storage sheds provide extra income potential. Utilities are included in the current rent prices. Opportunities like this are rare in Midtown. Get ready to roll up your sleeves and transform this hidden gem into a sparkling diamond! Do you have what it takes? Units 1, 3, 5, and the cottage may be viewed anytime, w/ Units 2 & 4 available for viewing during Due Diligence. Please do not disturb tenants. Please use Kee Evans @ Page Scrantom as closing attorney - title work has already been completed.